HELE'S EDUCATIONAL TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Charlty NuThkn•r. 010254
impkinsEdwards

HELE'S EDUCATIONAL TRUST
CONTENTS
Page
Legal aThY adminlstrthe Inf¢Tha
TNStéts' amual r•port
Independ￿¢￿X8rfnors Rport
St•twnwrtoffinandal
ar￿ Sh••t
Not••to th• ffinan￿1 •lat•m•
9-13

HELE'S EDUCATIONAL TRUST
Paga I
TRLISTEES. ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2023
Name-.
Hele's EducabMalTru
Reglstfdlon NLTrber.
810254
PrirripaFIRo*t¢red Adthus".
EthJMtion ar#J Lwnmg FirwK•
RcK)m 180
County C￿1
Tcpsham Ro•d
County Hal
Exetsr
EX2 4aD
Tru$t¢•$.'
A8vachkn- Marina
Aikbnwi- Y¥onn
Av¢s- &Jsanna M F (Ch
ra.T
HanThafwd- Rct*rt Mwk
1¢n-m￿tyn C¥d Ivke Chalr)
Day to d•y ¥dmini8tr4Uon
ttst￿ Tru8tso8'
J H8tton
123 Hamln L#
Flnw
Ed￿tion •nd La8rnkng FIrW￿ Team
Rrnm 180
Cowty H￿1
Topham Road
EX2 4QD
Bankero..
Bwk pk
234 Hp3h Str¢et
EX4 3NE
Ind•pend¢nt E¥Amk*.
Mr A Hemings èA IHon81 FCA CTA
Slmpkins Eoknrth LLP Chartered Acetyjntants
The Sumnwl
IP&l)(thier Park
Pynes H¢ll
EX5 21hB
CCLA- Inve5trnent M￿9￿8
Charles Starky Inve$bn￿ M8nag&¥

HELE'S EDUCATIONAL TRUST
Paga 2
TRUSTEES, ANNUAL REIJORT
FOR THE YEAR ENDED 31 AIARCH 2023
The tDJsle85 present Ih8r SnrX￿ rerth and siaiaiienis olthe chwlty trthe y•arènd•d 31 Marth
2022. Th8 financial Statements have been tyep¥e<t in a¢¢Axd*¢*with the accounting pc4ic48S 58t out in nota
I lo the aCt￿nIS and ¢ompty the c*8rdYstnJst deed. char￿e8 Ad 2011 and Accounting and
Reportlng by ChaMe$'. Stat•nent of Rec￿n￿k￿ded Prackn aFfA￿￿e to char￿68 weparirvJ thwr acwjnts
In aCC￿￿ance￿th the Finantxl Rewxbng apr41¢thÈ Ir* tho UK and ReWbI￿ ol Irdand IFRS 1021
l•ffacfv• l Jarwary 20191.
Aboutlh• Tru•t
The H*'s EdLKai#Jnal T￿t u¢*d ty a efth& ¢h•nty w￿05
dated 6 F¢bruary 1987 (#Jt 012 eathtrcharf** nan*. H*'s Sthx4 *¥J The &"slb¥ Scho£4trQb*.
The scheme trAt thè Tru8t8 shrxthj be aFvkd n s¥￿￿11y￿ bts)efits d any klnd not
nomaty prowded ty the hx81 ad￿ati￿ fc¢ Exeter Cc4ege, the fomw Hele$ or any other
rn8￿1￿ned sthoc45 In the cty of Ex¢tw, 0llRr* sxty7YAkn9 the L* wrscn5 under 25 tho are
ttef¥Jmg or th) have C•, th8 fomw Nele'& S¢hocl. ty any (ts rntht•ir•d $chools n
th• ¢ty ofEx•t•r.
l￿bI￿ Bonofft
¢Janc* on wtlc Hde's TrMi• kn and oL¥e¢I4￿ •bJ kn F4anning fijtwe
actthtse8.
The T￿￿•#
The cc¥w8te TrLNte¢ ty D¢￿ Cwnty¢our¢lvti¢h resp)n￿￿ty to ¢0￿C￿Mcf5 repr8SWt'rrfJ
of the elactcd Ihe ¢lry of EKew. Tlwe are nornally nin8 trust•e8. Ircrn thom a
chaWrS￿ ￿ *tsd by kne Trustem. A$ 41 trwie¢¢ ¥• e4)JnC￿krt, ai a ef C￿￿￿ty
CO￿￿1 8￿CtIO￿ tske F4o¢e every Iw >t4rs. ￿Y ￿￿¢￿1¢1101$ Invtad to t￿Crn& a Trustea.
The ¢wrty Ctyjncl I￿lj In May2017.
DBam
M Asv&4in
Y Atkiroon
S Ayes.
T Adm 1chalrpww￿I.
R HannatOTd"
A Lea(
P Prrpw8e
C Ch*pu￿).
H AAckFand & G Sheldw r¢(do¢¢d by D 8•me• •fyJ T Ad•m•
' Memb¥ ofth• Itwe8lmonto]mnth•
Each nawTnthrec•vas a k*ralnMtth firm IJ* Cl&*to thoTrustOe5 ¢ffjJth'ritrvJ th&dubtiS of a Trusteè, a
ccpyofthe TTUSt Deed and Ihe W ￿nIs. Al newcounty c￿Tri￿￿5 r￿e1Ve in(hJcVon tralnlng to 8cqualnt
them their r(k as cou￿40r9 incknirMJ the financi￿ ￿MIniS1Tal￿6 aspec￿ The TfUStee&, by th8
Conduet of butsintrtss
The Irustets ara mt* at trfrt Uw81￿ meet 4 Iw1￿ a ￿ b) r￿UC1 tMAne88.
They cmslder awlc81v￿ts grats from Ihe Ttust and tEp￿ts rEwwed on such Matte￿ 8S
requi￿ thar attèntion. Tl¥s I￿k1￿$ admrdsirkn matter5 s￿h a5 f•anC￿9[ rwts and reports in rdal'on the
physi¢alas$ets oflheTrnst

HELE'S EDUCATIONAL TRUST
Pag• 3
TRUSTEES, ANNUAL REPORT
FOR THE YEAR EIIDED 31 MARCH 2023
The Twste68 8180 admiiLsi•rlhe Wuest Iwi8teTrJ Clwity No 3rffj7431 seFarate a￿O￿ts
Polcles
Tr TrLk8t¢QS' FdKy lornthe
o sehcd5 for spedalw equlpmenfand imwovement of ladItt￿$.
IndlvKlu* to a85￿t lowzrd5 Ihe ￿$1 ol or speci￿18t •d￿thi aTrJ I￿rney8 for athjeatknal
exwrien¢es h th8 UK and a￿09d.
A88kn1*￿ ha5 been to b) gfve assIstsr￿* trom pjtllc funda,
¢r there xe real￿9 ¥Athy IheT• ts a need for aMbtan¢e abM the knl prtsvld8d by pU￿1C
Grarts m8y be coTrthbond c4kn8 ¢Y In *JUw easa, the Twstee8 gr•
satWd, I￿0 * a*)￿n￿ *￿t￿n byvthKh tt*C*rk to th&Tr￿tr￿J&s￿ th&Tr•a8wwto relJa8• Ihe funds.
Flnan¢lil R•vlbw
SUmm￿£￿fi￿r￿I￿l
2023
In¢on
Exwndhur•
surpw1Dd￿1j
79.828
,074
23,752
73,290
41,084
32.206
Durhig yearth• TruBtaia pdd tcW E25,7061É19.148 112021r221.
In oudlne, the grartl all￿t￿th of. Yh#•. ￿￿0¢1 tsIp8. ￿MmIng leM¢n•,
Prfn¢tp41 Fundlnq 8wrM•
Unt51 DI¢￿￿er 2009 the prineiA hK<tha otlhe i*wly frcth We recelp¢s of Lqnd aThY buldlng$ at the
Im¢r *hop 8lac*8ll S*hoc4 Exdtt. Tho Tr￿1888 conrJJded they urlkdy io h atl• ta rep*e the
tenant and deddad to 8dl thts prwty. Thè FWCt8eds ol th• salè 9en¥*d £1,577,884 nJt #nd the tw&t888
ha￿ apwnted CCLA Invwlment Man•w8 ￿ Charfes Stanlay Invesbnent Managtrl to m•naga ￿nds.
The18nd at St Péterft Ss by the Tr￿t dotrj to b• 88 a Fla￿[v￿ f*hJ by the •chts￿ and
oenerates w Incc4ne.
Th• Trusts. anthyMnortaknr#mw¢as an an￿urt kn COIF I￿￿01¢8
lund$￿￿￿ 8re avalLable to t• ¥FW 88 r•wked.
Underthe tem1saf1mTn￿LdI0I ThD stj￿$￿0S￿￿l a￿A￿ly.

HELE'S EDUCATIONAL TRUST
Pag• 4
TRUSTEES, ANNUAL REPORT
FOR THE YEARENDED 31 MARCH 2023
Invostrnont PollGy
The Trustees fom%d a 14 tnL%tee51 to pycrfjuce an straknw •nd to int•vl¥* pol￿bal
fund manage¥s ofthe on a 0￿￿tI￿ary l)asls.
Th• ¢orrmltt￿,8 proposal6ftyih6 irweskn￿tstr￿ **reapwo¥ed ty Ihe tru8t•e8. The comm*t•o ￿80
made r8commendknns to the hjl trustees ￿￿ng r*trdetern1￿tsy c¥lterla for seFeclon ofthè ftthd man4ws.
The maSn ag*nth wospxthie **re asse$8ed r•op0801$ ks..
al leayt malnt8ln the vdue ofthe PemweTht Enthyrnt kn the twm,.
edLre a level ofirKcme for the TnMt •quN*fit to at least rentsl in¢thn•
at k*8St malnlaln th18 In real trn.,
mlnlmtre ktsk consistent wlth Ihese c*4ei
¢yperténce ofand thali p¢rfryrnartt In Chathabl& a888ty.. lae W.. snd
Invest ethKa￿ *therever po88it4&, avowJ¢r#J in Part￿r. tobacco stcK*s.
A d•taSknd 8l•tem•nt h88 bean pYoth)c•J •gr••d ty 81 trLwts•• ex￿d8 on thet•
prlndF486. Th¢ To*te86 ￿￿the ￿lCY sl#t•nant b￿*￿ul￿.
The truiitts F4a¢• a high fvSty ¢)n mAlntainSng th• r￿1 ol O)0 •nd ￿ In¢omo retums ovar tho
longer term and acceptthat at Ilme6 ffl•an acctyUrrfJ sltr)rt or madkni tthiii In CaPrt￿ va￿0￿
F¢r Ihli wrwe, Iruste¢s meawr• p¥fm•n¢• 49•M b8rthn•rkdats paramétor&
TI*TN8t•e8w￿ not*lthlc+ lThv••t kn c47ynbg• pr￿jU￿n9 iobwzo othe￿30, ihe Tru6t•es •lrn
to oblerva re8ponslt4e in¥lain￿l prind*s. Th• fund MIn•￿ ir• •yp•thd to tsk¢ Into consld¢r•lon thg
environmentd, ￿81 aTrJ governar￿ chwacteiisbcs of •xistry prD5ptht investrnents, where th1& 1$
pr8th.cal aThJ pr0wb.tN￿ in Ihe ¢4nt*xl Of￿ ovw•# Iwestswl $tr4tsw. thera 18 a choica b8N4*•n
mparJes, the Tru$t¢e8v*￿￿ ¢x4*ctthe Fund mintrJer t4 th00sè the m￿t mind¢d ofthe tsvo.
Ea¢h pth%f¢lio rn•no9¢r h foww¢d lo rwyyt on perfO￿r￿ and to ac4Iev8 twgets in¢ludé an
Innual r¥te of reium. The Trua¢ee$ h•ve, in ordetto mthgate risk. ￿tIlM￿S M tm pwporbcn$ ofthe fund which
may frrxn time to time be held in p8itiotsr U)vest￿¢s. Direct imiestsnenl In derivati¥e inslNmentS 15 not
pernitted othwlhan to tted9e risk exposu￿1 from can4￿tiOnal Imlestrn￿rta made lfi the pursu￿ of th•
Trust8e5 5tsted thv8Stment tJbi•dbv•&
R•s•rv•• Ptsllcy
It 15 Ihe poky oftt*Trt4l¢es trj m•trtshrew&*s# a ltsYl8PWfyl*to ts TnMf8opwalon8. C8#h rèJa
8r• maknt#ined at l￿b o kn13s 10 ￿ ab￿ to respthj to r￿￿tOr a$81star￿& Th8 major wt dthè TnJ6fs
as￿1¥ k* in oll￿d aThl lJvJt4rffl 1rhwl￿aTrJaS such are nGI readty rndisat*.
Taxatlon 8t*t
In the of the Trwtee5 the Tlust Is Chwitaik *41Nn the m•anSng of the
Incorfie and Corwatk)n Taxes Act 1988. They a￿01$0 or*kn Ih*lhe a¢￿VIleS oflhe Trust are exomFt
rrem tsx byknl of#*tsn 505 Oltr￿
Major rf8k8
The Trth8te88 ha¥8 88sesaoJ Iho m*r rwks to Ih? Chaity ￿ eNpx*J. Ihosa rela￿ to the
op￿alon art dtheTwLrt are satW•J syst￿$ are i) MW exwalo any rf8kB.
FinarKial Stat*1￿ r•eudh¥J tho lthst avalatrAe posknm are made avtht48 to TN&tae8 at each
m8etir*J.
RLryk k¥emw is**1ressed ttYLwhlhe tem)S Lylha

HELE'S EDUCATIONAL TRUST
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31 PAARCH 2023
T•ngfjb￿ Flx•d Awi8
LaNI aThJ 91￿lIV
The Truste8s are constrakned bythe Trust dEed 8$ to Ihe ￿ the lond be wt,. n•m¢ty as a school
Flaylng fidd. The Trustees a￿ not able lochar9e a renl fw its l￿e. The L8nd was passed to the Trustat rK*
cost. Underthe h￿t￿l¢al ¢osl Conventi￿ this 1$ the c¥rying vthe. This B a divergence trom FRS15.
ich creates the expedabon ol a rev￿8￿. bAthe prospect ofa th"gpo￿ ￿extr￿dY rw*ote and th¢
Trustees See ￿ benefitln irwrtng lh¢ eogts CO a f¢mi4 rwalualicffj.
InV￿tr￿ents ￿ val￿￿ aithe pl￿￿ed marketth set by the Ch9n￿ Offidd Invesknont Fund on 31
Marth.
Admlnl8trativ• and techni¢￿ •upptyt
Thebr Clerk, •$ dl$ch)88d in note 8. receW an and expwbses 14)wb"ng the Trustees. The
TruBte88 PLff¢hag¢ 8peciaist prop•ty advtt s& rwllred. A m￿ber of staff I￿1￿1n the Flrwn¢e
DSr¢dor8t8 of Devon County c￿nc￿ mabtsins the fjnanoal reewd8. It W¥$ 99reed in November 2011 that
the gUPPOrt proV￿ed ty lh• Devon County G￿r￿1 *wld be tharyed at an annual rate of £2.500 4 VAT 8nd
th18 iryiernenie(l from 2012113. Thttssks to be undertaken by Gounty Cound In¢&Jde.'
MaInten￿￿ otflrtar**l FINEST IFknanda Systém
Trad( IrNe8trn8rd&
Pro¥idirrfJ reKxts to the Clerk for dtss&7th8tion tDTfustees.
Prepanngth•yéamndfirbfindal8latementsfc¢apyroval tyth•Truats#aThd W••¢nt￿￿ sumorlng
Infomation to tho kndepfjnd￿t •xamln
Attend8w at meetings ofTrusleeJ.
T Ad4rrA (ch*w￿l..
-r AAI
A L••dbeW.
Cn t4haWofth6 Twst

HELE'S EDUCATIONAL TRUST
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES
FOR THE YEAR ENDED 31 IJARCH 2023
I reportto the trusiees ors my oltr* Sialem￿ ofH•￿'S Ed￿1￿0[￿ T￿St{tha tharityl
ftwthe year eNJed 31 Klar¢h 2023.
R¢8pon81￿.llll1 and b•*$ crfrtwt
the thjstées ofthe you ar? Yes￿lts1? forthe Fryaralon ofthe stst•M￿S kn
a¢wdane* the rwtrernents ofth• char￿0& Act 2011 (th* 2011 Art).
I r¢port In ￿$pe1x ¢1 my eX￿1￿*boD ofthe charity's fir￿￿al statanents c*rrfÈd ojt Socuon 145 of the
2Q11 kt. In GaTrying eut my aKaminatic￿ I have foljwtyj 81 th8 aN)Ikablè Dlredons gfven by lh• C￿*nty
Commkry6H)n under sxtion 14951(bl dth• 2011
Independent ExarThr*8 Sxatament
Yourattenlon 25 dra￿ to tho tr￿1 Ihe charty ha6 wepared flnanclal Étattrm•n& ac£tsrdan¢t vAth
Aecwntlng and Repcrtiry by Charth prepariryj In XCtydar￿ with the FI￿ar￿la1 R8porfkng
Standard applkabf? in the UK and Rapublc of1¥•￿￿￿ IFRS 1021 In velert￿t0 the Accouthg and
R8portlng by Charities. Stst•m8nt ol Ro¢KAnThMJnded Pr•th Iwjéd on 1 200S whlch l& r•fwr¢d to
the axtènl r¢gul•ikn• but h•8 rthv b•onwlth(tr•A*.
l undorstand thot thla ha$ done kn orderfr*fffjanda statoNthlB to pro￿￿ a trua and falr ￿eW In
acwrdance ￿ Gonerw Accwnbng Prxoce re￿￿n9 parfodi bègInnI￿ on or ¥ft•r
1 January 2019.
I ￿m￿sted my exarn5nallon. I conth thai no matt*s havo eeffjo to my t￿￿￿ClO￿ tt
•xamlnitlon givlng m• tsus• to thal In any matwlal r•yct'.
tho a¢¢ounfjng re¢trfdo w•r• not kepl in accorfance ￿th 8ecUw 130 of th0 2011 Art or
the finanual siaterntsnts do not aCc￿d those records.. or
the finaneA81 s¢&temènis do not cornFty the appI￿able requSrements concérnlng tha form
edThtent of a¢Gounts set ¢>Jt In the Chafilies fAtt￿nts aThJ Rep)rtsl RegLrfaVon8 2008 othar than any
r•qulr•m•nt Ihat the account• fair l• not• m•ttw o)nWw•d ao part Ot an
Ind•p•nd•nl •xamlnatkn.
I have rKs concarns and hove aryo$8 no (ther mthr8 In vlth the eMmlnaiJ¢)n tothkh
attwffion shts￿d be drawn In thIB rwt kn orl•rto wt49 a pvJperund•rntsndlr¥J orth¢ ffjnand￿ 9lat•rn￿tl
to be re8C
MrA HemnNng8 6A INC￿8} FCA CTA.
Slmpklfts Edwards LLP chart￿ knwntwts.
The Summ
to(kn4ter Park,
nes Hill,
xeter.
EX2 5WS
31.10.2+

HELE'S EDUCAnoNAL TRUST
P•g8 7
8TATEMEprr OF FINANCIAL ACTivmES
FOR THE YEAR ENDED 31 PAARCH 2023
Fvnds
Investment Income
CCLA Depostt Intere¥t
Bank Interest
ants ReceN•d
Sundry Income
76.660
78.660
704
61
72,887
704
61
4C
400
T￿41
79,826
73,290
Expand1￿1• on:
Granti
CK8rks hOn¢￿M eyns
Insuran¢•
Rep81rn & Mwnlonanr
DGC Fees
Indep8nlent Éy3rrth* Fe
Invéstment manwontdiarg88
Acejued Int￿1
2S.7C6
25,706
3,S29
705
13,485
3.000
2,322
7.525
11781
19,148
5,187
705
11485
3,000
2,322
7.525
11781
8,960
7,748
51
Total
58.074
$8,Q74
41.084
Surklu$lPefidtl ffi fixed 468*
A88ets (real￿}
AB••ts lunreah•8d)
164.90ei
78,660
{36.2111
1125.6881
23.752
136.2111
1125,8e61
32,206
13.797
155,043
Not In¢om•l<•xwKlltsw•l
Tr•nshrs
(S4.￿8)
82,￿1
1833171
62,￿1)
1138.1261
2Q1,046
Nèt mowmont lft fund&
27,993
1166.1181
1138,1251
201.046
Ro¢onoliaOon of thJTrJs
Total lunds broughlfothord
183,609
2,6E4J.no
2.814.329
2,613,283
Totsl fvnd8 carri￿ tsnhwrd
181,602
2.494,602
2.676,204
2,814.329

HELE'S EDUCATIONAL TRUST
BALANCE SHEET
ASA T31 MARCH2023
2022
2.494.602
2,660.720
Cash at bank
195.844
228
159.589
195.872
169,589
CuTrfvnt
CTedilor8
14270
5.980
14370
W•t wrr•ntM••t•
181.602
1S3.609
N•t •••gts
71.204
aAI4329
Endo¥menl fvnds
94,602
181,802
2,000.720
153,809
2M76.204
2,81V29

HELE'S EDUCATIONAL TRUST
Paga 9
NOTES TO THE FINANCIAL STATEME1￿3
KIR THE YEAR ENDED 31 AIARCH 2023
A¢¢ourtlw
The accounono ￿kieS are swnmar*& b*w. Tha rdlda8 haw b•en appled
consi8tenlty Ihr0ughc￿t ts ye*afvJ ￿ wec8din9 yèai.
lal Ba•lB of prepar*llon
The financd stat¢marts haw beffi kY•p•rnd en Ih• b8w• rf fv hk810￿ (ogt ¢¢nv¥th at eost (*
*ff¢nt of RacLThmend•d Prnth•'. R￿￿1g by Ch•rib"89 IFRS 1021,,
and Uptste &Jlkn"n 1.,
Ihe FIft•r￿ Rewlng Standwd •pplcaW lrt th• Unh•d Klrydom ané R•wbllc
ol trelaTh8 IFRS 102)",
J TrAlh th• chwluts Ad 2011.
knJ*lthAc¢C￿ttffj St•rhlwdJOJKGer*rdtykneF*•I F*•thl ￿¥PF41•dfrOM 1 J•nuary
2019.
The TnMI hA8 t8k•n oflhe th• SORP trdwrluog wtykng FRS 102 Updat•
Buuettn 1 notto prepBro a Statemert ￿ cash Fkx*.
Th• th•n¢lo18tslemrts h•ve d￿rt￿ fromthe Chariuots (Aceounts and Ryort81 Rogu1￿10n* 2008
onty10 the exi¢nt req￿rn￿ to pffj￿de 8 true snd tslrview. Th18 deparlfft h•$ Inv¢l¥•J fc110￿*￿ the
Stat•mènt of R¢commendtsd Pr¥ctso¢ lor chanbt$ 4)rtylw FRS 102 rath•r than the version cf the
Stat￿￿￿1 ol Rxtynmanded Pr•th¢• felorr￿ ta lo U)0 RèguhtsonB but has alneè be•n
wrylhdrèwn.
Ttteflnand￿ ￿8￿Ments are pr•pawd In gt¢rflrvJ, thi¢h Is th4 lun¢tbJnal ofth• Twat Monetary
¥rrK¥unts In lhe•t1kna￿￿I 8tat*n•nts ¥r• ro￿¢Jad toth• ne•r•x wund.
The f*8rtty consltules ¥ benefit •niity as defined by FRS 101
The bu￿8*8 •r• oflhè ￿th•t b8e•d on tho lèwl ofrls lurth. T￿￿ r•malM a Wng Mnorn.
Ibl End0￿enEf￿fftd
The fuTrJ ofth• elffj¢onslsts oftho rflhe ch¥lty. ar• held on trust
to be Tetsir*d forthè benèfitolthe¢harity. Tha caFitalfvnds •re reta￿1 te forthe
charty.
Icl UrY•oIrfe￿fvnd
TheGharitV8 fundcorttystsoftrK4efiwKIB thatthe¢*orlymay u￿f￿r#S wrp)$88. at it8
¢ls¢rdcfi.
Idl Incoffl•
Im¥na ￿ ac￿nt•d10TonU* p￿￿ toW lirelatet.
(el Exp8ndtiur•
Expen¢knJtÈ forrffl an wu*ba51& Gmts are rwniwj vrt*n a I￿￿1$authL%tstij.

HELE'S EDUCATIONAL TRUST
P4g• 10
NOTES TO THE FINANCIAL STATEMENTS {CONllNUEDI
FOR THE YEAR ENDED 31 AIARCH 2023
{fj AM•ts •NJ l•bllU•s
Investments- al Ma￿et vahJ¢
Cufferrt assets atthg b*ofcost arn1 notrnth•blevaluo
Liabilities at Iheir let￿ment ￿￿e.
Igl R•alh4d wd unv•4lW g•kn• •nd Its•￿ on INv••kn•ni ••••ts
A r¢olW crf unre￿￿ 9aln crf kés th) w ass•t fomi p•1 olth•knd In tho au•t
In￿￿ed Is l¢r In ¢¥se ofan was) hdd.
Rea￿￿d goins and bsses onlhe dispos810l investmert a88ets afe Induded in tha ststement of
nand4 a¢tiwtkng a$ 4 bne the'gains 3nd losses on ￿ValUa￿ aTrJ Investment a85
dl$kyJspJ•' seckn. TN$ [8 Ihen W xtsydlrrfJ kn th0￿r￿j
Ihl VAT
The c*arity is rntTe9istsred for Value Add•J Tax (VAT). In tsso •l•tsrn￿t1.
ap￿lea￿le, eyn¢Jituro shovm of VAT.
I Inv••lrnonl•
Ited knvéiiments ar• at*ad 8t lak tw¢d ￿ a mwkelvalue derfv￿ from • quthd Stock
marktl prlce at thè btiance 8h¢4t dat¢. R•aW and ￿T¥0•￿ed 9gth• 0Th1 k)$8os aro ¢otrt)Ined In
the 8FPrcw￿te $￿tic￿ in the SOF
D•btoY8
Trade and clher Wa r•cognlsed o1th¢ an￿)urt due oft4r wy tr•d• d￿￿￿nt
offared. Prep*￿en1$ are v4W at lh¢ kY4p4ld twt ￿￿trade ¢J*o)unts d
(kl Ca•h 4t b•nk and In Iw4MI
¢2$h at bank ¥NJ cash in hand indudas¢8sh $hort term bigNy liwld investrnents *ith a sh&
maturity of three month$ or less Ircrn the date of ae4•isthTr oropeniryJ ofthe deposit cf $imlar
accou
C¥•dllOrn *bMI syo¥S•l¢M
Creditorn and pmvisN)ns are reecgnised the tharity hasa p¥a¥entobfigaticffj resultlng from
PgBt event that will probatty r88utt in the tran8ferofknd8 lo a third paty and the am￿nt due to
ttle the obl¥alion Gan be measwed or eslvnated rdiat4e. Crethtors and prow*Ksn8 aro normal
rtCQgnised ai ther sethement amowrt afterallcthiThJ for any trade d18C￿lS due.
(rnl Bw85c fin8rKlal In*lNmenl8
The charity onty has fin8nad asgels h"abth￿ ofa thatqudfy 88 ba8(c financ481
IrAtruments. B3￿C financial iTrstrumeThts ave in1￿"a￿ raW￿d at ￿SaC10n value aTrJ
b8equenty measured atthelrsetd￿nent vaue.

HELE'S EDUCATIONAL TRUST
Pag• 11
NOTES TO THE FINANCIAL STATEMENTS I¢OlmNUED)
FOR THE YEAR EIIDED 31 AIARCH 2023
I t>ants
Grants m8d¢ in Ihe year we ￿ 8$ Sh￿ baknw..
2023
2022
To Indmduals
Natlonal Wètw Pc40
780
To 4¢htsd• In th• EX￿
5,370
1,410
7,000
3,497
7,821
Proliets
Rural S￿lI11B￿lI￿9 ProiKts
ICT Equipmort
E¥￿tI
Phon1¢6 Sy8tem
Gronts Ra￿MId R•Wng to
2020r21
Cancelled Ir4lThm
ICr*Jttor from 2019fdOI
10,580
595
2,861
15801
11,8751
25.708
19.148

HELE'S EDUCATIONAL TRUST
Page 12
NOTES TO THE FINANCIAL STATEMEpirs {coKnNUED>
FOR THE YEAR ENDED 31 AIARCH 2023
InvaÈkn•nts
twst IKlds an investrn*rt in $hw in Ihe Charibes Offu'al In¥estrnent Fund. The
invesknernt i¥ Trfdkxd on the puLli¥hed mathel price at 31 Marth in each year.
C(IF IneE>x•&)•
72*56
273
140.
15,3341
$8.xe.I
.016 1.W.OIQ
141.4941
CO*
al￿3?￿¥
04•
10&588
179,711
IFPW
138.•7T
1$1.
180282
11J
111.407)
3265
WJ.688 I￿8,334
1.780,074 2.401.W2 IW,7>)

HELE'S EDUCATIONAL TRUST
Paga 13
NOTES TO THE FINANCIAL STATEMEKfs (CONllNUED)
FOR niE YEAR ENDED 31 MARCH 2023
T8nglblo 17xod a68rt0
LaThl I￿1 t￿ldIng8
Th¢ TrU4t￿ ¥• wn$train¢d by th6 TDJst deed 88 to th8 UBe land can be P￿., nam•ly
h¢ol fi¢ld. The land was passed to th&Tn*l at no cost Und8rthe hiatoric￿ etsst
conven1k￿ thls ¢arrylNd v*e. The prosp¢rt ofa tjisposal k8 extremety remote and th
Trnstees see no value in inrAJrrirq th• ¢0818 of a formal revaluab.cfi and carryT￿ v8lu• rem*n¥
£NIL.
Unrmlrfctsd
En¢bY￿ Tottl 2023
T(th12022
Imiesknents
CLNTent 8888ts
Curr•nt lobthl••
1494.602
2,494,602
195,872
114,270
2.676.204
2,880,720
159,589
15.9801
2,814,329
195,872
114,2701
181.802
94,802
Ther•we Th) related pvty trAr￿￿Or￿ that c¢awred dwThJ Ihe y•ar.
gACS payment0￿8￿nding & agr•od pwn*its tr￿ll 2V2>23 hv• be•n •ddtra to ¢r•Oltor
balakKe lorthe year
Chq. Rrf. P•y•• D•tall
43rnnt O•tsll
)1 Hut Demditkn St Pe
HELeS015 Demth"on
ol Hut Dérnolition St P•ters
13Win Demoltion
t Exa Nurnery
2x 2 ththjmn
P44xtyorn￿ schr￿ Yr6 Re8klenti81
Montgc¥))wy Schoc4 3 Days ofrthMJ08 approv¢d
sIm￿￿ns Elthvwds
2022123 Independent Examlnallon
£4,8ts)
£300
£8t)J
£eso
£2,322
£14.272
Charles &8rley Intln#l Rw•¥aL
ehty Raf. Dots11
NIA
Charle8 Stanlay Int•r8Bt ReC￿at￿&
28